Online classifieds player Quikr has acquired Hiree, Bengaluru based online recruitment platform to strengthen its job listings business, QuikrJobs. Financials of the deals remained undisclosed.
With this acquisition, Hiree will be merged with the job listing business – QuikrJobs and Hiree team, along with the founders Manjunath Talwar and Abhijit Khasnis will be absorbed into Quikr. The combined entity will build a recruitment platform that connects over four million active candidates with recruiters across the country.
Pranay Chulet, founder and chief executive at Quikr, stated for the deal, “We have created a successful business model and it’s now time to level up. Speed is in our DNA and Hiree’s offerings, aimed at shortening recruitment cycle times, is a great match with that.”
Founded as MyNoticePeriod by Talwar and Khasnis in May 2013, Hiree connected potential jobseekers serving notice periods with prospective employers with an aim to fast-track the recruitment process by enlisting active jobseekers. In May 2015, the company rebranded itself as Hiree and to increase its targeted market volume, it introduced the listing by all categories of jobseekers. The company had raised Rs.20 crore from IDG Ventures and angel investors. The firm undertook two rounds of lay-offs, in February and in April.
Talwar and Khasnis stated, “Joining forces with Quikr allows us to double up our focus on innovating in the recruitment space for both jobseekers and our customers. Our customers will now gain from the benefits of Hiree’s technology and massive scale of Quikr in parallel.”
Quikr identified five potential business segments include automobiles, real estate, jobs, services and customer-to-customer sales. Acquisition of Hiree is in line with the job segment.
QuikrJobs recently reached a milestone of over 10 lakh job-seeker profiles created through its missed call service alone. The company also allows users to create profiles using desktops and mobile phones. The enhanced product portfolio, coupled with Quikr’s missed call service, will make a larger talent pool available to recruiters for the entry level, blue collar as well as white collar lateral hires, Quikr said.